Fortive stock is trading -16.36% below its average target price of $84.49 after dropping -2.9% during today's afternoon session. Analysts are giving the Large-Cap Farm & Heavy Construction Machinery company an average rating of buy and target prices ranging from $67.0 to $94.0 per share.
The stock has a very low short interest at 0.7%, and a short ratio of 0.94. The company's insiders own 0.33% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 96.3% of Fortive's shares being owned by this investor type.
Institutions Invested in Fortive
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 11% | 39,101,001 | $2,763,267,669 |
| 2024-06-30 | T. Rowe Price Investment Management, Inc. | 9% | 32,238,275 | $2,278,278,835 |
| 2024-06-30 | Blackrock Inc. | 9% | 30,487,648 | $2,154,562,028 |
| 2024-06-30 | Wellington Management Group, LLP | 4% | 14,996,702 | $1,059,816,902 |
| 2024-06-30 | State Street Corporation | 4% | 13,869,027 | $980,124,112 |
| 2024-06-30 | Flossbach von Storch AG | 3% | 11,188,997 | $790,726,397 |
| 2024-06-30 | Royal Bank of Canada | 3% | 11,175,544 | $789,775,674 |
| 2024-06-30 | Viking Global Investors, L.P. | 3% | 10,039,510 | $709,492,153 |
| 2024-06-30 | FMR, LLC | 3% | 8,937,143 | $631,587,879 |
| 2024-06-30 | Brown Advisory Inc. | 3% | 8,804,106 | $622,186,154 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Fortive.
